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SHIB falls more than 12% in 7 days despite Bitstamp listing

SHIB falls more than 12% in 7 days despite Bitstamp listing

Shiba Inu (SHIB), popularly called the Dogecoin Killer (DOGE), reached a milestone on December 8 when it was listed on one of the most recognized cryptocurrency exchanges, Bitstamp.

The listing comes at a time when Shiba Inu is aiming for broader adoption in the crypto space. With more than 4 million Bitstamp customers worldwide exposed to SHIB, this could significantly increase its adoption. However, the price of the meme coin showed no signs of moving upward, as it usually does when projects reach such milestones. In fact, the price fell from a daily high of $0.0000376 on Dec. 8 to a low of $0.00003638 today, according to Finbold. Indeed, SHIB has performed quite well over the past year, even before its listing on Bitstamp. This year alone, investments in the digital asset have returned thousands of times. It's worth noting that the rally peaked in October, when the price hit an all-time high – just under $0.00009. However, after the huge rally, the meme coin fell below $0.00006 – a level that analysts say is critical to determining its performance.  

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